Home USD/CHF Price Analysis: Greenback en route to April highs vs. Swiss franc

USD/CHF Price Analysis: Greenback en route to April highs vs. Swiss franc

Updated: 6 May. 2020 | 16:52

USD/CHF is up on broad-based USD dynamics.
The spot is nearing the April highs near the 0.9800 figure.

USD/CHF daily chart

USD/CHF is nearing the 0.9800 figure while trading below the 200 SMA but above the 50/100 SMAs suggesting a mixed picture in the medium-term.

USD/CHF four-hour chart

The spot is challenging the 0.9745 resistance while trading above the main SMAs as the quote is heading towards the April highs near the 0.9800 figure. Support can be seen near the 0.9700 figure followed by the 0.9650 level.

Additional key levels

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